user
Write a response that appropriately completes the request.

### Instruction:
Give three reasons why long-term planning is important for businesses.

### Response:
assistant
1. Long-term planning allows businesses to anticipate events and prepare accordingly. Knowing the future helps businesses gain a competitive edge and helps them be more efficient and effective.
2. Long-term planning helps businesses allocate resources correctly and prioritize projects that are important for business growth.
3. Long-term planning can help businesses stick to their core values and mission, so that they can stay focused on their objectives over time.